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AMERICANALMANAC (Alex Tanzer) - Joey and Jesse Buss buy into the San Diego Padres while fighting their sister over the Lakers

Two of Jerry Buss's sons have purchased a minority stake in the San Diego Padres through their own investment firm, even as their sister Jeanie Buss fights to block the family's remaining share in the Los Angeles Lakers from being sold. Joey and Jesse Buss, the youngest siblings in the Buss family dynasty, reached a […] The post Joey and Jesse Buss buy into the San Diego Padres while fighting their sister over the Lakers appeared first on American Almanac .

Two of Jerry Buss's sons have purchased a minority stake in the San Diego Padres through their own investment firm, even as their sister Jeanie Buss fights to block the family's remaining share in the Los Angeles Lakers from being sold. Joey and Jesse Buss, the youngest siblings in the Buss family dynasty, reached a deal to acquire roughly 5% of the Padres through Buss Sports Capital, the venture they launched in September 2025. The brothers will also sit on the new Padres ownership group's advisory board, joining controlling owners Kwanza Jones and Jose E. Feliciano, who purchased the franchise at an MLB-record $3.9 billion valuation . MLB owners unanimously approved that sale on August 17. The Padres deal marks the brothers' first major…Open

AMERICANALMANAC (Alex Tanzer) - From a 600-foot tunnel to a $12 billion Lakers deal: how the Kushner family built two separate fortunes

Josh Kushner and former Disney chief Bob Iger emerged this week as co-leaders of a group buying the Los Angeles Lakers for more than $12 billion, the latest milestone in a three-generation family rise that began with Holocaust survivors building modest homes in New Jersey. The deal caps a remarkable stretch for the younger Kushner […] The post From a 600-foot tunnel to a $12 billion Lakers deal: how the Kushner family built two separate fortunes appeared first on American Almanac .

Josh Kushner and former Disney chief Bob Iger emerged this week as co-leaders of a group buying the Los Angeles Lakers for more than $12 billion, the latest milestone in a three-generation family rise that began with Holocaust survivors building modest homes in New Jersey. The deal caps a remarkable stretch for the younger Kushner brother, whose venture-capital firm Thrive Capital now manages roughly $25 billion and whose personal fortune Forbes pegs at $5.2 billion. His older brother Jared, meanwhile, runs a separate investment firm out of Miami that was managing more than $5.4 billion by September 2025. Both men are billionaires. Neither inherited his wealth from the other's enterprise. And the family story that produced them starts not…Open

AMERICANALMANAC (Sadie Smith) - Bob Iger and Josh Kushner buy the Lakers for a record $12.5 billion — but questions follow the deal

Former Disney CEO Bob Iger and venture capitalist Josh Kushner have purchased the Los Angeles Lakers at a record-shattering $12.5 billion valuation, a deal that closed faster than most people buy a car. The pair unveiled the acquisition Wednesday morning after what Iger described as a 72-hour negotiation sprint. They bought the majority stake from […] The post Bob Iger and Josh Kushner buy the Lakers for a record $12.5 billion — but questions follow the deal appeared first on American Almanac .

Former Disney CEO Bob Iger and venture capitalist Josh Kushner have purchased the Los Angeles Lakers at a record-shattering $12.5 billion valuation, a deal that closed faster than most people buy a car. The pair unveiled the acquisition Wednesday morning after what Iger described as a 72-hour negotiation sprint. They bought the majority stake from Mark Walter, a billionaire whose corporate empire is currently the subject of a federal investigation, and who held the team for barely more than a year before flipping it at a $2.5 billion markup. The deal still requires approval from the NBA's Board of Governors, a process Breitbart noted could take several weeks. That timeline alone should raise eyebrows. Walter took control of the Lakers from…Open

What is the current local television broadcast situation for the Los Angeles Lakers?
Charter's Spectrum SportsNet holds a 20-year deal for Lakers local broadcast rights that runs through the 2031-32 season, paying the team $200 million last year.
Q&A ID ecbfe6dc-5fd4-4810-986c-a9dec2ab8a16
What is the current status of the ownership agreement regarding Jeanie Buss following the acquisition?
Bob Iger confirmed that the new ownership intends to honor the existing agreement that keeps Jeanie Buss as team governor for at least five years, an arrangement she originally made with Mark Walter.
Q&A ID 9c9828ae-ee6a-421e-b5bc-5673d75ad844
What conditions must Josh Kushner meet regarding his other sports interests before the Lakers deal can close?
Before the deal can close, Kushner must divest his minority stakes in the Miami Heat and the Memphis Grizzlies.
Q&A ID a30f914e-0695-4644-a139-33dfb805f23a
What is the name of the holding company used as the purchase vehicle for the Lakers acquisition, and who launched it?
The purchase vehicle is Thrive Eternal, a holding company launched earlier this year by Josh Kushner's firm, Thrive Capital.
Q&A ID 19330b0a-069b-44aa-a4b7-83205f6d6764
How much did Mark Walter pay for the Lakers when he acquired them from the Buss family, and what was the subsequent markup upon selling to Iger and Kushner?
Mark Walter acquired the Lakers from the Buss family in June 2025 at a valuation of approximately $10 billion and sold the majority stake fourteen months later for $2.5 billion more, resulting in the $12.5 billion sale to Iger and Kushner.
Q&A ID 4a841682-79f8-4315-bb09-4a6f84ecbb8b
Who are the primary individuals involved in the purchase of the Los Angeles Lakers and what is the valuation of the deal?
Former Disney CEO Bob Iger and venture capitalist Josh Kushner purchased the Los Angeles Lakers at a record-shattering $12.5 billion valuation.
Q&A ID 031a65f9-8add-4d92-8eda-dd3576844140

JUSTTHENEWS (Kevin Killough) - Los Angeles Lakers to be sold to Josh Kushner and Bob Iger in $12.5 billion deal

The current owner, Mark Walter, purchased a controlling interest in the team from the Buss family last year for what was at the time a record-breaking valuation of approximately $10 billion.